Mindblown: a blog about philosophy.

Story 1: ⛽ HMRC’s New Advisory Fuel Rates Land With the Biggest Hike in Years — and Most Construction Tech Firms Aren’t Ready What happened: HMRC’s new advisory fuel rates, effective from 1 June 2026, include substantial increases across all petrol and diesel engine sizes with petrol vehicles under 1400cc rising from 12p to 14p…

Story 1: TODAY: HMRC’s Consultation on Standardised Corporation Tax Returns Closes — and Your Clients’ Filing Experience Is About to Change Permanently What happened: Today, 2 June 2026, is the final day to respond to HMRC’s landmark consultation on modernising and standardising company tax returns — which proposes introducing a fully prescribed, XBRL-tagged format for…

June Is the Busiest Compliance Month of the Year for Construction Companies — Here’s What’s Due What happened: June 2026 brings a cluster of overlapping HMRC deadlines that hit construction businesses particularly hard: Corporation Tax payments fall due for companies with 31 August 2025 year-ends on 1 June, updated advisory fuel rates take effect today…

Story 1: 🗓️ TODAY’S DEADLINE — P60s Must Be In Employees’ Hands by Close of Play What happened: Today, 31 May 2026, is the legal deadline for all UK employers to issue P60 forms to every employee who was on the payroll on 5 April 2026, summarising their total pay, income tax, and National Insurance…

Story 1: 🔨 BDO Fined £1.3m Over “Pervasive” Audit Failures at Collapsed Construction Firm NMCN — A Wake-Up Call for Every Practice with Construction Clients What happened: The Financial Reporting Council has imposed sanctions on BDO and its audit engagement partner Geraint Jones following a five-year investigation, finding “numerous and pervasive breaches” in BDO’s 2019…

Story 1: The MTD First Quarterly Deadline Is Now Just 10 Weeks Away and Many Clients Still Aren’t Ready What happened: The first quarterly update under Making Tax Digital for Income Tax covers 6 April to 5 July 2026 and must be submitted through MTD compatible software by 7 August 2026 and many sole traders…

Story 1: HMRC’s Mandatory Tax Adviser Registration Portal Is Now Live — And the Clock Is Ticking What happened: On 18 May 2026, HMRC opened its online registration portal for tax advisers, meaning any accountant or agent without an Agent Services Account must now begin the process  and those who continue to interact with HMRC…

Story 1: Carillion’s Finance Directors Finally Face the Music — Eight Years On What happened: The FRC has imposed sanctions on two former Carillion finance directors, Richard Adam and Zafar Khan, who admitted to “acting recklessly and failing to act with integrity” in the preparation of financial statements — with the misconduct covering major UK…

Story 1: The UK Construction Sector Is Facing Its Sharpest Forecast Downgrade on Record What happened: The Construction Products Association is now forecasting that UK construction output will contract by 2.5% in 2026 — a sharp, unprecedented downward revision driven by Middle East conflict, oil price shocks, and double-digit construction product price inflation with private…

Introduction Running a small business comes with its fair share of challenges. From managing day-to-day operations to dealing with marketing and customer service, there’s never a shortage of tasks on your plate. One area that often gets overlooked is accounting. While it may seem tempting to handle your own bookkeeping, hiring a small business specialist…